The crypto space is completely boiling over! As of July 11, Bitcoin's price skyrocketed to $118,865, surging over 6% in a single day, setting a new historical high! This is not only the strongest momentum since the 2024 halving but also makes the prophecy of '130,000 dollars' a reachable reality. At this moment, global capital is flooding into the crypto market at a visible speed, while three major bombshells are pushing this bull market towards an epic climax!
1. Institutions are buying like crazy: BlackRock is 'snapping up chips'!
Data Shock: BlackRock's Bitcoin ETF (IBIT) holdings have surpassed 700,000 coins, valued at over $75.5 billion! On just July 10, the net inflow into U.S. spot Bitcoin ETFs was $1.176 billion, marking six consecutive days of 'buying buying buying'! Even more astonishing is that the number of publicly traded companies holding Bitcoin has expanded to 125, with 46 new additions this quarter, accumulating a total of 847,000 coins, a month-on-month increase of 60%!
Underlying Logic: Institutions are no longer waiting! From pension funds to family offices, traditional capital is viewing Bitcoin as 'digital gold.' BlackRock's IBIT's annual management fee revenue has already surpassed that of the S&P 500 ETF, igniting FOMO sentiments on Wall Street.
Key Signal: Morgan Stanley predicts that if short positions continue to close (currently shorts account for 42%), prices could trigger a 'chain squeeze,' directly pushing up to $135,000!
2. Policy Opening: Global regulatory 'green lights' are all on!
Hong Kong Heavyweight: On August 1, (the stablecoin regulations) will take effect, compliant stablecoins can access traditional financial systems, directly connecting fiat currency with the crypto world!
EU Action: (The Crypto Asset Market Regulation Bill) defines Bitcoin as a 'commodity-type asset,' clarifying its property rights and removing legal barriers for institutions to enter.
U.S. Showdown: Next week, three major bills ((GENIUS Bill)(CLARITY Bill)(Anti-Central Bank Digital Currency Surveillance Bill)) will be reviewed simultaneously! If passed, the U.S. will become the first country to legislate for stablecoins and privacy coins, and regulatory certainty will trigger a trillion-dollar influx!
Analysts Speak: Matrixport states, 'The policy headwinds have eased, and funds are shifting from observation to action!'
3. Technical Explosion: Halving Effect + Short Squeeze!
Supply Contraction: After the halving in April 2024, Bitcoin's daily production will drop from 900 coins to 450 coins, while institutions are buying over 100,000 coins each month, exacerbating the supply-demand imbalance!
Short Pain: Within 24 hours, 119,700 people were liquidated, totaling $541 million, with short positions accounting for 89%! The 'price rise—shorts closing—price rising again' death spiral is in play, and the technical situation has formed a 'squeeze breakout'!
On-chain Data: The number of non-zero addresses has surged, and the outflow from exchanges greatly exceeds the inflow, indicating that long-term holders are 'locking up' their holdings, further reducing market liquidity!
130,000 dollars: Is it the end or the beginning?
Standard Chartered boldly predicts: In the third quarter, it may surge to $135,000, aiming for $200,000 by year-end! Meanwhile, Bitwise CIO has stated an aggressive target of '200,000 dollars by year-end.' However, risks also exist—Trump's tariff policies, the Federal Reserve's interest rate cuts, and on-chain security incidents (such as GMX exchange being hacked for $42 million) could trigger short-term fluctuations.
Final Warning:
Bitcoin's explosive rise is no longer a 'gambler's game' but an 'asset allocation revolution' led by institutions! When BlackRock and others vote with real money, and when global policies endorse crypto assets, 130,000 dollars may just be the intermission of this bull market. But remember: leverage is both sugar and poison—$541 million in liquidations within 24 hours is enough to wipe out any greedy investor overnight!
Tap on my avatar, follow me, and let me know what you think about the current market? Let's chat in the comments! The crypto space has both opportunities and risks; staying vigilant and finding the right timing is key.